SBI Account Holders Alert : State Bank of India (SBI), India’s largest public sector bank, has issued a crucial alert for millions of account holders. As part of a government-backed benefit scheme or refund process, an amount of ₹1 lakh is being credited to selected accounts. This development has created a buzz across the country, and account holders are eager to check whether their name is on the eligible list. Here’s a detailed breakdown of this update, including eligibility, verification methods, and next steps.
What Is This ₹1 Lakh Deposit All About?
The ₹1 lakh deposit is linked to either dormant account settlements, government welfare benefits, unclaimed deposits returns, or special financial relief schemes. In some cases, it may even include matured fixed deposits or insurance refunds routed through SBI accounts.
- Targeted towards account holders with long-standing or inactive accounts.
- Some deposits are part of government schemes like PM Jan Dhan Yojana or DBT.
- Beneficiaries may include pensioners, farmers, women, and students.
- The money may reflect as “credit from GOI” or “refund from SBI corpus.”
Who Is Eligible for the ₹1 Lakh Credit?
To avoid confusion, SBI has issued certain eligibility criteria and customer instructions. While not every account holder will receive the deposit, you may be eligible if you fall into any of the following categories:
- Your account is part of an old welfare scheme such as PM-KISAN or Jan Dhan.
- You had an unclaimed deposit, FD, or RD account that matured.
- You were eligible for any loan subsidy or education reimbursement scheme.
- Your account had transaction errors that are now being rectified.
- The government or a court has directed compensation/refund into your account.
Key Schemes & Categories Involved
Below is a table listing the major schemes and categories that may trigger such a deposit:
| Scheme/Benefit Name | Department/Authority | Amount Range | Eligible Group | Mode of Transfer | Status Required | Linked with Aadhaar |
|---|---|---|---|---|---|---|
| PM Jan Dhan Refunds | Ministry of Finance | ₹10,000–₹1,00,000 | BPL families | Direct Credit | Active account | Yes |
| Unclaimed FD Return | SBI Internal Settlement | Up to ₹1,00,000 | Old SBI customers | Auto Credit | Dormant to active | Optional |
| DBT Welfare Transfer | Govt. DBT Mission | Varies | Women/Pensioners | DBT Transfer | KYC-compliant | Yes |
| Education Subsidy Refund | Ministry of Education | ₹25,000–₹1,00,000 | Students | NEFT | Valid bank linkage | Yes |
| PM-KISAN Scheme | Agriculture Ministry | ₹6,000/year | Registered farmers | DBT | Land record verification | Yes |
| LPG Subsidy Settlement | Ministry of Petroleum | ₹1,000–₹15,000 | LPG Connection holders | Bank credit | Aadhaar-linked | Yes |
| Insurance Refund (LIC) | LIC via SBI | ₹5,000–₹1,00,000 | Policyholders | NEFT | Policy lapsed/matured | Yes |
| Court-Directed Compensation | Various Government Bodies | Up to ₹1,00,000 | Citizens with claims | ECS/NEFT | Judgment passed | Optional |
How to Check If Your Name Is on the List
SBI has advised account holders to follow a few simple steps to check if they are eligible for this ₹1 lakh deposit:
- Login to Online Banking: Use the SBI YONO app or net banking portal and check the recent transactions.
- SMS Alerts: Check for SMS notifications from SBI about a deposit or subsidy credited.
- Missed Call Service: Dial SBI’s toll-free number to get your mini statement via SMS.
- Visit Branch: If you’re unsure or do not have online access, visit your home branch with Aadhaar and PAN.
- Aadhaar Seeding Verification: Ensure your bank account is Aadhaar linked to receive any DBT-based credit.
- Check PM Schemes Portal: Visit or the respective scheme’s official portal for beneficiary status.
Common Reasons for Non-Credit Despite Eligibility
Many users have reported that they are eligible but haven’t received the deposit. Here’s a list of common reasons:
- Account not Aadhaar-linked or inactive for over a year.
- KYC not updated or documents expired.
- Beneficiary data mismatch between scheme portal and bank.
- Mobile number not linked with the account.
- Scheme funds exhausted or delayed due to batch processing.
- Wrong IFSC or bank account mapping error.
See more : SBI ATM Card Offers Free Life Insurance
What to Do If You’re Eligible But Haven’t Received It?
Don’t worry if the money hasn’t reflected yet. Here’s what you can do to speed up the process:
- Visit your SBI branch and submit a request form for DBT/benefit tracing.
- Write an email to customer care with your account number and scheme reference ID (if any).
- Recheck your name and Aadhaar status on the respective scheme’s website.
- Use grievance portals like to raise official complaints.
How to Stay Updated About Future SBI Deposits or Benefits?
To ensure you don’t miss out on any future benefits or credits:
- Keep your SBI account active with at least one transaction every 6 months.
- Ensure KYC is always up to date.
- Register for SMS alerts and enable internet/mobile banking.
- Follow SBI’s official Twitter or website for latest updates on benefits.
- Regularly visit government portals such as
The ₹1 lakh deposit from SBI is not a random windfall but a result of ongoing settlement and welfare schemes. If you are an SBI account holder, now is the time to verify your account status, update your KYC, and check whether you qualify under any eligible scheme. This could be a long-pending benefit or refund that you rightfully deserve.
Disclaimer: The information provided in this article is based on public domain sources and official scheme guidelines. The final decision on deposit credit rests with SBI and the concerned government authority. Always verify your eligibility and transaction history via official channels.
Join
Join